T24 News

Temenos T24 named a leader among global banking platforms by leading independent research firm

GENEVA, Switzerland – 9 February 2009 - Temenos (SWX: TEMN), the global provider of integrated core banking systems, today announced that Forrester Research has named TEMENOS a leader in its January 2009 report, The Forrester Wave™ Global Banking Platforms, Q1 2009. The report also found “Temenos with T24 excelled with highest marks for flexibility of the banking platform, support of regulatory requirements and corporate strategy.”

Kenya Commercial Bank goes live with Temenos T24 to strengthen operations and drive regional business expansion

GENEVA, Switzerland – 2 February 2009: Temenos (SWX: TEMN), the global provider of integrated core banking systems, today announced that Kenya Commercial Bank (KCB), the largest bank in East and Central Africa, has gone live with TEMENOS T24 (T24) to support its retail and corporate banking operations. The bank went live with T24 in 145 branches across Kenya, supporting approximately 675,000 accounts. This is the first implementation phase of T24. Further phased roll outs of the system are expected in 2009 to support KCB’s planned expansion to include a further 75 branches across East Africa, helping to grow customer accounts to over two million in the next two years.

GENEVA, Switzerland, 22 January 2009: Temenos (SWX: TEMN), the global provider of integrated core banking systems, today announced that 44 new clients went live with Temenos T24 (T24) during 2008. This compares to 36 go-lives announced in 2007, representing an increase of more than 20%. The majority of these banks opted for Temenos Model Bank methodology in order to reduce implementation time and costs, minimise customisation and lower project risk. On average, banks achieved implementation times of less than 12 months.

Announces Date for Final Results and Investor Conference Call

GENEVA, Switzerland – 14 January 2009 - Temenos (SWX: TEMN), the global provider of integrated core banking systems, today announced that after a preliminary analysis of its full year 2008 figures, it expects full year revenues in the range of USD400-420m, representing growth of between 21% and 27% on 2007, and full year EBIT in the range of between USD63-69m, an increase of between 1% and 10% compared to the prior year.

Halyk Bank goes live on T24 to support its treasury operations in centralisation initiative

GEVENA, Switzerland, 16 December 2008 – Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced that Halyk Bank, one of the largest banks in Kazakhstan, has gone live on TEMENOS T24 (T24) to support its treasury operations. The successful implementation forms the first stage of a centralisation project being undertaken by the bank to roll out T24 across all of its 720 branches in Kazakhstan and subsidiaries in Georgia and Russia. The bank is currently implementing the second phase of T24 to support and integrate its retail operations, which will service approximately six million customers to aid its international growth plans.

Temenos makes senior appointments to drive its product and marketing strategy

Geneva, Switzerland, 3 December 2008 – Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the appointment of Koen Van den Brande as Group Strategy and Marketing Director. Van den Brande will be responsible for driving Temenos’ product and marketing strategy worldwide. He will report to Mark Cullinane, Temenos’ Chief Operating Officer, and will be based out of the company’s London office.

The largest loans and savings association in the Dominican Republic selects T24 to replace its legacy systems

GENEVA, Switzerland – 18 November 2008 - Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced that The Popular Association for Savings and Loans (APAP), the largest savings and loans association in the Dominican Republic, has selected TEMENOS T24 (T24) to replace its core banking
platform. T24 will support APAP’s retail operations and will be rolled out across 47 branches, servicing over 800,000 customer accounts. APAP signed the deal in September 2008 and is the first financial institution in the Dominican Republic to implement T24.

The Mauritius Commercial Bank Limited goes live in the Maldives with TEMENOS T24 in just four months

GENEVA, Switzerland, 13 November 2008 – Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced that The Mauritius Commercial Bank Limited (MCB) has gone live with TEMENOS T24 (T24) in its Maldives branch to support its retail and corporate banking operations. The bank employed Temenos Professional Services and jointly implemented T24 in just four months.
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Texnikabank selects Temenos T24 Model Bank to replace its core systems

GENEVA, Switzerland - 11 November 2008 - Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced that Texnikabank, one of the largest universal banks in Azerbaijan, has selected TEMENOS T24 (T24) to replace a number of its core banking systems to support the bank’s retail and corporate operations. Using T24, the bank will consolidate all of its disparate systems into one centralised infrastructure to fully automate all business processes across these operations. T24 will be rolled out across the bank’s 35 branches.

Temenos wins the Banking Technology Readers’ Choice Awards

GENEVA, Switzerland, 7 November 2008 - Temenos (SWX: TEMN), the provider of integrated core banking systems, is pleased to announce that it has won for the second year running the Best Core Banking Product category in Banking Technology magazine’s Readers’ Choice Awards for its packaged core banking software TEMENOS T24 (T24).